Detailed Single Year Tables

Description of Proposed Provision:
Increase the first PIA bend point above the current law level for workers newly eligible for benefits in 2019 and later; by 1 percent for 2019, by 2 percent for 2020,..., and by 15 percent for 2033 and later.

&nbsp

Financial Estimates for the OASDI Trust Fund Program

&nbsp

&nbsp

Proposal

&nbsp

Change from Present Law

&nbsp

Expressed as a percentage of present-law taxable payroll

Trust fund ratio as of January 1

Expressed as a percentage ofpresent-law taxable payroll

Calendaryear

Costrate

Incomerate

Annualbalance

Costrate

Incomerate

Annualbalance

2012

13.83

12.89

-0.93

340

0.00

0.00

0.00

2013

13.95

12.83

-1.12

329

0.00

0.00

0.00

2014

13.98

12.93

-1.05

315

0.00

0.00

0.00

2015

13.97

12.95

-1.01

302

0.00

0.00

0.00

2016

13.94

12.98

-0.96

290

0.00

0.00

0.00

2017

13.91

13.01

-0.91

277

0.00

0.00

0.00

2018

13.96

13.03

-0.93

265

0.00

0.00

0.00

2019

14.14

13.05

-1.08

253

0.00

0.00

0.00

2020

14.38

13.07

-1.30

240

0.00

0.00

0.00

2021

14.66

13.11

-1.55

227

0.01

0.00

-0.01

2022

14.98

13.13

-1.85

212

0.01

0.00

-0.01

2023

15.31

13.15

-2.16

197

0.02

0.00

-0.02

2024

15.62

13.16

-2.46

180

0.03

0.00

-0.03

2025

15.92

13.18

-2.74

164

0.04

0.00

-0.04

2026

16.20

13.20

-3.01

146

0.05

0.00

-0.05

2027

16.48

13.21

-3.27

128

0.07

0.00

-0.06

2028

16.72

13.23

-3.49

108

0.09

0.00

-0.08

2029

16.94

13.24

-3.69

88

0.10

0.00

-0.10

2030

17.13

13.26

-3.88

67

0.13

0.01

-0.12

2031

17.30

13.27

-4.03

45

0.15

0.01

-0.14

2032

17.42

13.27

-4.15

23

0.17

0.01

-0.17

2033

17.53

13.28

-4.25

----

0.20

0.01

-0.19

2034

17.61

13.29

-4.32

----

0.23

0.01

-0.22

2035

17.66

13.29

-4.37

----

0.25

0.01

-0.24

2036

17.71

13.29

-4.41

----

0.28

0.01

-0.27

2037

17.74

13.30

-4.44

----

0.31

0.02

-0.29

2038

17.75

13.30

-4.45

----

0.33

0.02

-0.32

2039

17.75

13.30

-4.45

----

0.36

0.02

-0.34

2040

17.74

13.30

-4.44

----

0.38

0.02

-0.36

2041

17.72

13.30

-4.42

----

0.40

0.02

-0.38

2042

17.71

13.30

-4.41

----

0.43

0.02

-0.41

2043

17.69

13.30

-4.39

----

0.45

0.02

-0.43

2044

17.68

13.30

-4.38

----

0.47

0.02

-0.45

2045

17.68

13.30

-4.38

----

0.49

0.03

-0.47

2046

17.67

13.30

-4.37

----

0.51

0.03

-0.49

2047

17.67

13.30

-4.36

----

0.53

0.03

-0.50

2048

17.66

13.30

-4.36

----

0.55

0.03

-0.52

2049

17.66

13.30

-4.36

----

0.57

0.03

-0.54

2050

17.66

13.30

-4.36

----

0.58

0.03

-0.55

2051

17.67

13.31

-4.36

----

0.60

0.03

-0.57

2052

17.68

13.31

-4.38

----

0.61

0.03

-0.58

2053

17.70

13.31

-4.39

----

0.63

0.03

-0.59

2054

17.72

13.31

-4.41

----

0.64

0.03

-0.61

2055

17.74

13.31

-4.43

----

0.65

0.03

-0.62

2056

17.77

13.31

-4.45

----

0.66

0.03

-0.63

2057

17.79

13.32

-4.48

----

0.67

0.04

-0.64

2058

17.82

13.32

-4.50

----

0.68

0.04

-0.64

2059

17.83

13.32

-4.52

----

0.69

0.04

-0.65

2060

17.85

13.32

-4.53

----

0.69

0.04

-0.66

2061

17.86

13.32

-4.54

----

0.70

0.04

-0.66

2062

17.87

13.32

-4.55

----

0.70

0.04

-0.66

2063

17.88

13.32

-4.56

----

0.71

0.04

-0.67

2064

17.89

13.32

-4.57

----

0.71

0.04

-0.67

2065

17.91

13.33

-4.59

----

0.71

0.04

-0.67

2066

17.93

13.33

-4.61

----

0.71

0.04

-0.68

2067

17.96

13.33

-4.63

----

0.72

0.04

-0.68

2068

17.99

13.33

-4.65

----

0.72

0.04

-0.68

2069

18.02

13.33

-4.68

----

0.72

0.04

-0.68

2070

18.05

13.34

-4.71

----

0.72

0.04

-0.69

2071

18.08

13.34

-4.74

----

0.73

0.04

-0.69

2072

18.11

13.34

-4.77

----

0.73

0.04

-0.69

2073

18.13

13.34

-4.79

----

0.73

0.04

-0.69

2074

18.17

13.34

-4.82

----

0.73

0.04

-0.69

2075

18.20

13.35

-4.85

----

0.73

0.04

-0.69

2076

18.22

13.35

-4.87

----

0.74

0.04

-0.70

2077

18.25

13.35

-4.90

----

0.74

0.04

-0.70

2078

18.28

13.35

-4.93

----

0.74

0.04

-0.70

2079

18.31

13.35

-4.96

----

0.74

0.04

-0.70

2080

18.35

13.35

-4.99

----

0.74

0.04

-0.70

2081

18.38

13.36

-5.03

----

0.74

0.04

-0.70

2082

18.42

13.36

-5.06

----

0.74

0.04

-0.70

2083

18.46

13.36

-5.10

----

0.75

0.04

-0.71

2084

18.50

13.36

-5.14

----

0.75

0.04

-0.71

2085

18.54

13.37

-5.18

----

0.75

0.04

-0.71

2086

18.59

13.37

-5.22

----

0.75

0.04

-0.71

2087

18.62

13.37

-5.25

----

0.75

0.04

-0.71

&nbsp

Summarized Estimates

&nbsp

&nbsp

Proposal

&nbsp

Change from Present Law

Years

Costrate

Incomerate

Actuarialbalance

Year of reserve depletion1

Costrate

Incomerate

Actuarialbalance

Based on Intermediate Assumptions of the 2012 Trustees Report.

2012-2086

17.07%

14.04%

-3.03%

2032

0.39%

0.02%

-0.37%

&nbsp

1 Under present law, the year of Trust
Fund reserve depletion is 2033.